GM Core Brand Adjusted July US Auto Sales up 20% y/y

General Motors reported better than expected sales in the US for the month of July.The core brands of GM, Chevrolet, Buick, GMC and Cadillac, showed sales of 199,423 vechicles this year versus 160,078 last year at the same time. Buick and Cadillac sales more than doubled. GM says that’s an overall increase of 25 percent, but when adujusted, it comes to 20 percent. – CNBC